Abatix

Possible Nice Entry For GM Soon?

Long
NYSE:GM   General Motors Company
I am very interested in jumping into this trade if I can get it at the right Price. I will be monitoring this one, as on the weekly time frame the 20MA has acted as support in the past. We had a fairly steep decline in GM recently, and I think an entry near the Weekly 20MA could potentially make this a nice risk vs reward trade. It appears the price has not yet hit the primary bull trend line since March. I will be waiting Patiently to see what is in store for this one.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.